All good things must come to an end. On December 31, 2022, one of the best tax deductions ever for businesses will end – 100 percent bonus depreciation.
Since late 2017, businesses have used bonus depreciation to deduct 100 percent … Read More
There’s good and bad news if you’re in the market for an electric or plug-in hybrid electric vehicle. The good news is that the newly enacted Inflation Reduction Act includes a wholly revamped tax credit for electric vehicles that starts … Read More
During much of 2020 and 2021, you may have qualified for the Employee Retention Credit (ERC).
With the ERC, you found (or could find) tax credits of up to $26,000 per employee. That’s a lot. With 10 employees, … Read More
Dear Client:
Are you thinking of getting married or divorced? If yes, consider December 31, 2022, in your tax planning.
Here’s another planning question: Do you give money to family or friends (other than your children, who are subject … Read More
The truth is, it may take a few tries before you find a good accountant that is the right fit for you. Too many business owners and individuals spend years putting up with an accountant who may get the job … Read More
Relationships can be tricky, but the one you have with your accountant shouldn’t be. If you often find yourself feeling confused or frustrated with your current accountant, then it may be a sign to start looking for a new accountant. … Read More
The deadline to file taxes is quickly approaching, meaning time is running out to make sure your small business’ tax returns are accurate and ready to submit. Here are the top three things to check over when finalizing your business … Read More
For a small business owner, trying to file taxes may seem like a burden. The process of compiling paperwork and understanding tax rules is stressful enough, and with merely only 25 percent of small business owners feeling confident that they … Read More
While the concept of giving is to benefit others, the good deed of putting those before yourself can also have personal benefits. When it comes to taxes, it’s often overlooked that certain charitable donations you make throughout the year can … Read More
As your financial life becomes more complicated, the more you will benefit from a proactive accountant who can not only ensure your taxes are filed properly, but also help legally keep more of the money you earn over time. A … Read More
